Business and Finance Division

Welcome to the Business and Finance Webpage

The Business and Finance Department is located at 124 Grand Street, Newburgh, NY in the Board of Education Building. On our website you can find information on payroll, purchasing, the district's budget, our required NYS reports, district audits and more.  

Important Facts about the District's Finances

The District's Moody's rating is Aa3. This means that any district obligations "are judged to be of high quality and are subject to very low credit risk." It also puts the district in the P-1 category for short term borrowing, meaning that the district has a "superior ability to repay short-term debt obligations."

Each school district in New York State is statutorily required to undergo an independent External Audit annually; These audit reports dating back to FY18 can be found at the Audits link below. The NECSD has been issued clean audits, meaning there is no corrective action required.

With the RFP for an External Auditor last year, the district sought responses that would increase the testing sample size welcoming additional scrutiny of our books; additionally bringing forward a new lens with which district financials were reviewed.

NYS Office of the State Comptroller has a fiscal stress monitoring system. Since 2013, NECSD has not received a designation. This means the district has a solid financial position. If not, districts are designated as “susceptible to fiscal stress”, “moderate stress” or “significant stress.”